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Finnifty Intraday Analysis for 4th April 2024NSE:CNXFINANCE Maximum Call and Put writing is at 21200 strike with 3.79 Lakh Call and 4.74 Lakh Put. Second Highest Call writing of 3.68 Lakh at 21300 Strike and Put writing of 3.88 Lakh at 21000 Strike. Index is expected to trade in the range between 21070 - 21330 range. Contra trade may be initiated when index mode in either support or resistance zone. Big move expected if index more above 21340 and Call unwinding takes place at 21200 strike then index may touch 21500 level. Index has support near 21050 level. Long position may be initiated if Index touch near support.
NSE:CNXFINANCE
by RKMAURYA
Nifty Intraday Analysis for 4th April 2024NSE:NIFTY Highest Call writing building up at 22500 strike with 131.52 Lakh and highest Put writing at 22100 strike with 90.30 Lakh. Index is unlikely to cross above 22525 level in the current weekly expiry and trade between 22300 - 22525 range. Contra short position may be initiated if Index reaches near 22525 level and Call writing increases at 22500 Strike. If Call unwinding takes place at 22500 strike if index crosses 22525 then index may touch 22600 level on the expiry day. If Index down below 22380 then may reach to 22300 level and contra Long position may be initiated near 22300 level.
NSE:NIFTY
by RKMAURYA
Midnifty Intraday Analysis for 3rd April 2024NSE:NIFTY_MID_SELECT Maximum Call writing of 7.72 Lakh is at 10800 strike followed by 6.50 Lakh at 10700 Strike and Put writing of 11..05 Lakh at 10700 Strike followed by 8.51 Lakh at 1600 Strike. Index is closed above support level of 10730. Index is expected to trade between 10700 - 10880 level with resistance near 10800 level. If Index is crossing above 10800 level and Call unwinding taking place at 10800 strike then the index may move near 10880 level. Trailing Stop Loss 10750. Contra Long position may be initiated if Index comes near 10700 level with Trailing Stop Loss 10680.
NSE:NIFTY_MID_SELECTLong
by RKMAURYA
Finnifty Intraday Analysis for 3rd April 2024NSE:CNXFINANCE Maximum combined Call and Put writing is at 21200 strike with 2.80 Lakh Call and 2.44 Lakh Put. Second Highest Call writing of 2.54 Lakh at 21500 Strike and Put writing of 1.07 Lakh at 21000 Strike. Index is expected to trade in the range between 21070 - 21330 range. Contra trade may be initiated when index mode in either support or resistance zone. Big move expected if index more above 21340 and Call unwinding takes place at 21200 strike then index may touch 21500 level. Index has support near 21050 level. Long position may be initiated if Index touch near support.
NSE:CNXFINANCELong
by RKMAURYA
Nifty Intraday Analysis for 3rd April 2024NSE:NIFTY Highest Call writing at 22500 strike with 99.28 Lakh and highest Put writing at 22300 strike with 62.67 Lakh. Index is unlikely to cross above 22525 level in the current weekly expiry and trade between 22300 - 22525 range. Contra short position may be initiated if Index reaches near 22525 level and Call writing increases at 22500 Strike. If Index down below 22380 then may reach to 22300 level and contra Long position may be initiated anear 22300 level. If index crosses above 22525 level and Call unwinding takes place at 22500 Strike then may reach near 22600 level which is unlikely situation in the balance 2 days of the weekly expiry.
NSE:NIFTY
by RKMAURYA
Nifty Intraday Analysis for 2nd April 2024NSE:NIFTY Highest combined Call and Put writing at 22500 strike with 76.75 Lakh Call and 51.18 Lakh Put writing. 2nd Highest Call writing at 22700 strike and Put writing at 56.90 Lakh at 22300 Strike. If Index crosses 22525 level and sustain the index may go to 22600 level and 22700 level. Trailing Stop Loss near 22400 level. If index goes down below 22400 then it may touch 22300 level then contra Long position may be initiated for 22525 level then 22600 then 22700 level. It is unlikely that the Index fall below 22300 level, even if does then the support is near 22200 level.
NSE:NIFTYLong
by RKMAURYA
GRINFRA Near BO [Weekly]GRINFRA is near a large weekly base BO of 85+ weeks and recently broke out of a small weekly base of 34ish weeks. Feels strong and following is the RS score timeline as well : 7th Mar - 28 15th Mar - 32 22nd Mar - 40 28th Mar - 44 Today - 52 We can clearly notice the stock slowly gaining momentum to outperform other stocks in the market. Its now outperforming more than 50% of stocks in NSE 750 universe. Will seek to add at the large base BO or if I get entry near the 34 base BO again with a tight SL.
NSE:GRINFRA
by HawkishDove
Banknifty Intraday Analysis for 1st April 2024NSE:BANKNIFTY Highest Call writing at 47500 strike with 20.14 Lakh Contract and maximum Put writing at 47000 strike with 18.64 Lakh Contract. If Index open near47000 and Put writing is increasing at 47000 level then Long position initiated for a target near 47500 level. If Index open below 47000 and Put contract unwinding taking place at 47000 strike then short position is to be initiated for a target near 46600 level. This scenario is less likely to happen.
NSE:BANKNIFTY
by RKMAURYA
Nifty Intraday Analysis for 1st April 2024NSE:NIFTY Highest Call writing at 22500 strike with 42.86 Lakh Contract followed by 29.58 Lakh Call writing at 22600 strike and maximum Put writing at 22000 strike with 42.93 Lakh Contract followed by 33.85 Lakh Put writing at 22300 strike. If Index open near 22200 - 22100 and Put writing is increasing at 22300 and 22200 level then Long position may be initiated for a target near 22500 level. If the Call is started unwiding at index approaches 22500 level then All Time High level will be breached otherwise index will retrace again from the ATH resistance zone. If Index open near 22200 - 22100 and Put writing is decreasing at 22300 and 22200 level then Short position may be initiated for a target near 22000 level. This scenario is less likely to happen.
NSE:NIFTYLong
by RKMAURYA
HAVELLS Long base BO [WEEKLY]Should have caught this sooner, but now that I notice, HAVELLS broke out of a long range BO on weekly timeframe and this week due to volatility is pulling back a bit, one might think its a chance to get in so thought of sharing a few RS scores as well to help anyone consider that thought: 16th Feb - 27 23rd Feb - 30 1st Mar - 36 Today - 41 So the RS scores have been on an upwards slope for the past 4 weeks which is a positive point. But RS score is still on the lower side which can be taken on the side of caution. For people who like Long base breakouts, one can think of taking a position here seeing the upwards slope on RS score. Recommendation would be to take a SL here as per your comfort seeing the RS score is not too good (ideally 80 is what I look for, but rarely do we get that sort of a position).
NSE:HAVELLS
by HawkishDove
SAPPHIRE BO [Weekly]SAPPHIRE breaking out of a large weekly base this week. In addition it also came in the screener for upwards sloping RS values. Following are the RS scores for the past 4 weeks close: 1st Mar - 27 7th Mar - 28 15th Mar - 35 22nd Mar - 46 Although the RS score is not quite healthy, but in a market like this a large weekly base cannot be ignored as the stock is showing strength when most are not. I'll personally track this and see if this gives an entry when market breadth and overall conditions improve.
NSE:SAPPHIRE
by HawkishDove
HDFC bank tomorrow focus on it we will see 1.5 -2% upside move On Our Harmonic pattern indicator based trade setup take trade as explained below :- Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target , When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% .. Please note:- It's working on news based and volitile market very well so exit if SL hit
NSE:HDFCBANK
by JaiPrakashShuklaHarmonicTrader
Banknifty Confirm Targets Banknifty Chart Analysis with Support and Resistance Banknifty Supports Banknifty Support 1 - 46765 Banknifty Support 2 - 21815 Banknifty Support 3 - 21680 Banknifty Resistance Banknifty Resistance 1 - 46300 Banknifty Resistance 2 - 46000 Banknifty Resistance 3 - 45550 bankNifty Trend Signal From Open Interest Analysis PCR ratio as per Option Chain Analysis - 0.91 ( Near to Bullish ) Max Pain As per Option Chain Analysis - 47000 Major Resistance as Per BankNifty Open Interest Analysis - 47000 Major Support as Per BankNifty Open Interest Analysis - 46000 Long Opportunity in Banknifty Trading As we Know Banknifty changes trend in short term from all time High (48650) , This week First Buying opportunity will be above 46300 / 46000 Short opportunity in Banknifty Trading If nifty Sustain below 46770 /47200 then try to Short nifty or buy nifty Put option Contract keep a small stop loss If you Like our Trading Plan Please Like and Share , For Live Trading support msg me.
NSE:BANKNIFTYShort
by manojshinde27
2
RAIN Near/at BORain Industries has attracted loads of volume these past few weeks, infact I am bummed about this as I didnt catch it earlier. Even then the stock is near a long weekly base BO and even attempted that this last week. For the daring ones, this can be a good bet, for conservative ones, not so sure, Maybe keep a tight SL using the daily charts if that helps. Fundamentally, the stock is not very sound, High Debt to Equity ratio, last 4 quarters have not been good infact they have lost sales and earnings. Seeing volumes flock in here, might be the market telling good news is about to come, these kind of volumes are generally not wrong, lets see how this goes...
NSE:RAIN
by HawkishDove